2025-01-25 00:42:00 :
Houston, Reuters (Reuters) -The company said on Friday that Last year, he resigned from the Texas building contractor of the Golden Pass LPG project. You can withdraw from Chapter 11 to go bankrupt by April.
Zachry Holdings said on Friday that the bankruptcy court in the southern part of Texas approved its reorganization plan to pave the way for it and complete this process at the end of March.
The court set a hearing on February 26 to confirm the plan.
Zachry headquartered in San Antonio withdrew from the export terminal project of the Sabin Pass, Texas, and applied for bankruptcy in May, saying that the cost exceeded the budget of its fixed price construction contract. The situation of trying to re -negotiate is unsuccessful.
The U.S. LNG project, which is expected to continue to move forward under the Trump administration, once Zachry completes the bankruptcy reorganization, it may represent another choice for developers who seek experienced LNG contractors.
Chiyoda International Corp replaced Zachry and is the main building contractor of Golden Pass. Zachry reached a solution to the project related to the project in July 2024.
The construction cost budget of the Gold Pass is US $ 10 billion, and the share budget of Zachry is $ 5.8 billion.
Zachry said the project cost 30 million to 40 million US dollars per week, while Golden Pass paid $ 70 million per month.
According to Exxon, the export is further delayed in the construction of 18 million tons of liquefied natural gas facilities per year. The facility is now expected to produce LNG for the first time in 2025.
Zachry said it continued to operate on all its active projects and employment websites. (Editor of Cynthia Osterman) by Cynthia)
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